Spot Bitcoin ETFs’ Entry Streak Reaches Eighth Day
According to data dated July 16, there was an inflow of $422 million in spot Bitcoin ETFs. This entry amount represents the highest entry amount since June 5. In addition, thus the entry series has reached the eighth day. The highest inflow occurred on the IBIT side with 260 million dollars, while FBTC took the second place with 61 million dollars. There was no outflow on the GBTC side.
Elon Musk Will Donate $45 Million Every Month to Support Donald Trump
According to WSJ’s report, Elon Musk has pledged to donate $45 million every month to support a pro-Donald Trump political organization. This commitment marks a significant infusion of funds aimed at supporting the Republican candidate’s campaign as the November election approaches. Some of the crypto industry’s biggest names are throwing their weight behind America PAC, a new political action committee (PAC) to support former president Donald Trump’s run for the White House.
Stripe Will Allow Its European Customers to Buy Bitcoin and Crypto
Financial services provider Stripe has expanded its cryptocurrency integration to the European market, allowing local customers to purchase crypto via credit or debit cards. Shoppers within the EU will now be able to purchase Bitcoin, Ethereum and many other cryptocurrencies with their Stripe-issued cards, according to a July 16 report from the Irish Independent. John Egan, Stripe’s head of crypto, said this expansion allows crypto companies to help European consumers buy crypto quickly and easily.
ApeCoin Launches ApeChain Testnet
ApeCoin DAO, which controls the digital world of Bored Ape Yacht Club, has launched the testnet of its new blockchain network ApeChain. In the news made through a post on X, the testnet was codenamed “Curtis”. Boring Security, a community powered by ApeCoin, announced that they are working on a new solution in X that will likely put ApeChain users ahead of others in the web3 space.
FTX Proposes $12.7 Billion Settlement Agreement with CFTC
FTX agreed to pay $4 billion in damages and $8.7 billion in restitution to the CFTC, but requested that amounts credited from other bankruptcy settlements be deducted from this payment amount. If the proposed settlement is approved, FTX and the applicable debtors will receive a dollar-for-dollar credit for the refund amount based on the amount they distributed in FTX.com and FTX.US customer claims.
VanEck and Inter Invest Bring Bitcoin to French Pension Plans
VanEck has broken new ground in incorporating digital assets into retirement savings by partnering with Inter Invest to offer Bitcoin ETN products to French pension plans. VanEck has joined forces with Inter Invest to bring Bitcoin sentiment to French retirement savings plans through exchange-traded notes (ETN). The $407 million VanEck Bitcoin ETN (VBTC) is a regulated product for incorporating Bitcoin into retirement portfolios.
21co Analyst Predicts Growth in Tokenized US Treasuries
21co analyst Tom Wan announced that he believes tokenized US treasury bonds will reach $3 billion by the end of 2024 due to increasing adoption among DeFi projects and Decentralized Autonomous Organizations (DAOs). According to Wan, this trend is driven by the need for diversification and stability, especially as high interest rates make these assets attractive. There are currently over 15 tokenized US treasury products available on Ethereum Virtual Machine (EVM) chains, with assets under management at approximately $2 billion.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $65,844 with a 1.18% gain in value. When we examine the daily chart, we see that the upward movement continues after some withdrawal yesterday and the 65 thousand dollar level is broken upwards. In case of persistence above this region, 68 thousand and then 70 thousand dollars levels can be followed as resistance. We see that the 64 thousand and 62 thousand dollar levels are important in withdrawals.
ETHEREUM (ETH)
ETH is priced at $3505 with a 1.79% gain in value as of the morning hours. When we examine the daily chart, we see that the $ 3500 level, which we follow as the resistance zone, has been tested. We can predict that the upward movement may continue if there is a strong and voluminous close above this region. If the movement continues, the $3625 level appears as resistance. In case of withdrawals, the $ 3400 region appears as an important support zone.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.60 with a 3.60% gain in value. When we examine the daily chart, we see that with the strong movement yesterday, the $ 0.55 – $ 0.57 area was broken upwards as a resistance zone and this morning it tested the $ 0.60 level. If the strong movement continues, the $0.65 region can be targeted. In case of withdrawals, the 0.55 – 0.57 dollar region, where it broke out, can be followed as support.
AVALANCHE (AVAX)
AVAX is priced at $28.75 with a 2.71% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $28 level, which we follow as the resistance zone, has been broken upwards. If this movement continues, the $30 region appears as resistance. In case of withdrawals, the $28 and $27.50 levels can be followed as support.
SOLANA (SOL)
SOL is priced at $162 with a 0.91% gain in value as of the morning hours. When we examine the daily chart, we see that the $150 area, which we follow as the resistance zone, has been broken upwards. If this movement continues, the $165 level can be followed. In case of withdrawals, the levels of 160 and 155 dollars appear as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $14,344 with a 0.96% gain in value. When we examine the four-hour chart, we see that the falling trend zone and the $14,500 area are important resistance zones. If it persists above this region, the $15 level can be tested. In case of withdrawals, the $14 zone can be followed as support.
APE
APE is priced at $0.834 with a 2.83% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a strong movement with the upward break of the ascending triangle formation. If this movement continues, the $0.90 region can be targeted. In case of withdrawals, the $0.80 level can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2467 dollars with a 0.07% loss in value. When we examine the daily chart, we see that the horizontal movement has broken upward. If this movement continues, the $2500 region can be targeted. In case of withdrawals, the $2430 region can be followed as support.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 30.98 with a 0.86% loss in value. When we examine the four-hour chart, we see that there is a pricing below the $31 level, which we follow as the support zone. If this movement continues, a downward move towards the $30.20 region may be possible. In upward movements, it is important to maintain permanence above the $ 31.50 level.
